Mortgage and Financial News From 2008-5-8 Page 2
Previous Day: 2008-05-07
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Crime hard to track, thieves hard to catch (The Journal News)
Signs that Jennifer Erland's identity had been stolen were sporadic at first. There were mysterious charges on her credit card and phone calls from people asking where to ship packages.
2008-05-08 11:39:54 -
Aussie stocks end at 3-mth highs; NAB lead banks up (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, May 9 (Reuters) - Australian shares rose 0.85 percent to their highest level in over three months on Friday, as upbeat earnings at National Australia Bank Ltd NAB.AX lifted the financials, while resource firms rose on strong commodity prices.
2008-05-08 11:40:40 -
AIG posts 1Q loss of $7.8B, plans to raise $12.5B (AP via Yahoo! News)
American International Group Inc. says it will raise $12.5 billion in the coming months as the insurer looks to shore up a capital base that has been rocked by deterioration in the credit markets.
2008-05-08 11:47:56 -
Your pain, NAB's $2.7b profit - News.com.au
NATIONAL Australia Bank has posted a 25.8 per cent increase in first half net profit to $2.7bn as mortgage pain continues to grow for borrowers. With home owners across Australia feeling the impact of official rate rises - and separate increases ...
2008-05-08 08:08:00 -
House of Representatives passes Democratic home mortgage bill backed ... - World Socialist Web Site
The House of Representatives on Thursday passed a bill that provides limited relief to a fraction of the millions of homeowners who are unable to meet their mortgage payments, while enabling mortgage companies and banks to offload failing loans to ...
2008-05-08 08:51:00 -
Help pledged over repossessions - BBC News
That pledge came after key figures from the mortgage industry met Chancellor Alistair Darling and Housing Minister Caroline Flint at 11 Downing Street. But it was not until 9 May that the details of the package were to be outlined, the day the ...
2008-05-08 10:03:00 -
UK interest rates unchanged at 5% - BBC Business
"The latest data shows the economy is slowing, albeit only gradually, and at the same time inflationary pressures continue to mount," said Ian McCafferty, chief economic adviser to the CBI business group. "The Bank faced a difficult decision, but it ...
2008-05-08 04:16:00 -
Fannie Mae Prices Offerings of $2.25 Billion of Common Stock and $2.25 ... - MSN MoneyCentral
WASHINGTON, May 8 /PRNewswire-FirstCall/ -- Fannie Mae FNM today priced $2.25 billion, or 82 million shares, of a new offering of its common stock (CUSIP 313586109) at $27.50 per share. The company also announced that it priced $2.25 billion, or 45 ...
2008-05-08 05:31:00 -
Home repossessions expected to hit 45,000 - Daily Telegraph
The Council of Mortgage Lenders has estimated that repossessions will reach 45,000 this year against 8,000 four years ago Statistics recording the number of court repossession orders issued in the first quarter of 2008 will give the first proper ...
2008-05-08 06:28:00 -
Government responds to the mortgage gloom - Times Online
The Government is scrambling to throw lifelines to homeowners suffering as a result of the credit crunch as the Building Societies Association gave warning last night that the mortgage market would not improve for another two years. Ministers ...
2008-05-08 02:10:00 -
Mac Bank mortgages most expensive - News.com.au
Macquarie now charging over 10pc interest on home loans Some no-doc loan rates now more than 11pc Calculator : Compare home loans THE devolution of Macquarie's domestic mortgage business has switched into overdrive with the bank this week boosting ...
2008-05-08 04:55:00 -
Despite Veto Threat, House Passes Mortgage Rescue Bill GOP Calls Bill ... - Washington Post
The House today approved an ambitious plan to rescue hundreds of thousands of homeowners at risk of foreclosure by helping them trade exotic loans with rapidly rising monthly payments for more affordable mortgages backed by the federal government ...
2008-05-08 04:34:00 -
Two charged with fraud against lenders - Financial Times
Two former executives of a now-defunct New York mortgage lender were charged on Thursday by US officials over alleged fraud schemes directed at Fannie Mae, the government-sponsored mortgage financier, and Credit Suisse First Boston. In an indictment ...
2008-05-08 12:23:00 -
UPDATE 1-Fremont selling mortgage rights to Goldman affiliate - Reuters
NEW YORK, May 8 (Reuters) - Fremont General Corp FMNT.PK, which quit subprime mortgage lending last year, on Thursday said it agreed to sell its remaining mortgage servicing rights to Litton Loan Servicing LP, an affiliate of Goldman Sachs Group Inc ...
2008-05-08 05:02:00 -
Anderson forecasters see foreclosures tapering off; housing market returning (San Diego Daily Transcript via Yahoo! News)
Although the median resold home price in San Diego County has dropped by nearly $100,000 from the end of 2006 to the end of 2007, at least one homebuilder in the room is bullish about the future. And new office space will fill but not flood the market.
2008-05-08 06:14:49